Add Affiliated Managers (AMG) To Your Portfolio: Here's Why
Zacks Investment Research | Jan 08, 2018 08:31PM ET
From recording five-year (2012-2016) CAGR of 12.4% in assets under management to holding an almost unbeaten track record of buying equity interests in asset management companies with strong performance-oriented products, Affiliated Managers Group Inc. (NYSE:AMG) has been firing on all cylinders, of late. The company’s diversified product mix, along with the continued acquisition of equity stakes amid volatile markets, is anticipated to yield positive results in the near term as well.
Further, Affiliated Managers’ increased focus on investments in alternatives and global strategies is expected to reap significant benefits.
It’s a good idea to add stocks with robust fundamentals and long-term growth opportunities to your portfolio, at the current level. Affiliated Managers is one such stock that has been witnessing upward estimate revisions, reflecting analysts’ optimism about its future prospects. Over the last 30 days, the Zacks Consensus Estimate for 2017 and 2018 inched up slightly.
Furthermore, shares of this Zacks Rank #2 (Buy) company have gained around 16.11% in six months’ time, outperforming 16.05% growth recorded by the Zacks Investment Research
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